FIRST LINE INTERNATIONAL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FIRST LINE INTERNATIONAL
Largest movements
- Receivables within one year -€53,714
down €53,714 (-31.0%), from €173,353 to €119,639
of which Other amounts receivable: -€99,516
- Cash +€20,137
up €20,137 (+64.1%), from €31,394 to €51,532
mainly Receivables within one year (+€53,714) and Tax, wage and social debts (+€9,812)
- Trade debts -€35,092
down €35,092 (-66.7%), from €52,620 to €17,528
- Tax, wage and social debts +€9,812
up €9,812 (+45.3%), from €21,672 to €31,484
of which Remuneration and social security: +€7,057
- Other debts -€8,199
down €8,199 (-31.4%), from €26,135 to €17,936
- Staff costs +€39,076
up €39,076 (+967%), from €4,042 to €43,118
- Gross operating margin +€28,651
up €28,651 (+134%), from €21,324 to €49,975
- Taxes -€2,285
down €2,285 (-40.0%), from €5,720 to €3,434
- Financial income +€1,122
up €1,122 (+43.4%), from €2,587 to €3,709
- Financial charges -€512
down €512 (-21.4%), from €2,388 to €1,876
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €369,697 | €338,545 | -€31,152 | -8.4% |
| Fixed assets | 21/28 | €7,715 | €6,779 | -€935 | -12.1% |
| Tangible fixed assets | 22/27 | €7,102 | €6,166 | -€935 | -13.2% |
| Furniture and vehicles | 24 | €7,102 | €6,166 | -€935 | -13.2% |
| Financial fixed assets | 28 | €613 | €613 | = | 0.0% |
| Current assets | 29/58 | €361,982 | €331,765 | -€30,217 | -8.3% |
| Stocks and contracts in progress | 3 | €155,955 | €158,770 | +€2,815 | +1.8% |
| Stocks | 30/36 | €155,955 | €158,770 | +€2,815 | +1.8% |
| Amounts receivable within one year | 40/41 | €173,353 | €119,639 | -€53,714 | -31.0% |
| Trade receivables | 40 | €55,389 | €101,191 | +€45,802 | +82.7% |
| Other amounts receivable | 41 | €117,964 | €18,449 | -€99,516 | -84.4% |
| Cash at bank and in hand | 54/58 | €31,394 | €51,532 | +€20,137 | +64.1% |
| Deferred charges and accrued income | 490/1 | €1,280 | €1,824 | +€545 | +42.6% |
| Total equity and liabilities | 10/49 | €369,697 | €338,545 | -€31,152 | -8.4% |
| Equity | 10/15 | €269,269 | €271,597 | +€2,328 | +0.9% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €95,744 | €98,071 | +€2,328 | +2.4% |
| Non-distributable reserves | 130/1 | €4,507 | €17,353 | +€12,846 | +285% |
| Legal reserve | 130 | €4,507 | €17,353 | +€12,846 | +285% |
| Distributable reserves | 133 | €91,237 | €80,719 | -€10,518 | -11.5% |
| Amounts payable | 17/49 | €100,427 | €66,948 | -€33,480 | -33.3% |
| Amounts payable within one year | 42/48 | €100,427 | €66,948 | -€33,480 | -33.3% |
| Trade debts | 44 | €52,620 | €17,528 | -€35,092 | -66.7% |
| Suppliers | 440/4 | €52,620 | €17,528 | -€35,092 | -66.7% |
| Taxes, remuneration and social security | 45 | €21,672 | €31,484 | +€9,812 | +45.3% |
| Taxes | 450/3 | €21,145 | €23,900 | +€2,755 | +13.0% |
| Remuneration and social security | 454/9 | €527 | €7,584 | +€7,057 | +1,339% |
| Other amounts payable | 47/48 | €26,135 | €17,936 | -€8,199 | -31.4% |
| Non-recurring operating income | 76A | €6 | - | -€6 | |
| Remuneration, social security and pensions | 62 | €4,042 | €43,118 | +€39,076 | +967% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,193 | €2,046 | -€147 | -6.7% |
| Other operating charges | 640/8 | €1,020 | €881 | -€139 | -13.6% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €21,324 | €49,975 | +€28,651 | +134% |
| Operating profit (loss) | 9901 | €14,069 | €3,930 | -€10,139 | -72.1% |
| Financial income | 75/76B | €2,587 | €3,709 | +€1,122 | +43.4% |
| Recurring financial income | 75 | €2,587 | €3,709 | +€1,122 | +43.4% |
| Financial charges | 65/66B | €2,388 | €1,876 | -€512 | -21.4% |
| Recurring financial charges | 65 | €2,388 | €1,876 | -€512 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €14,268 | €5,762 | -€8,506 | -59.6% |
| Income taxes | 67/77 | €5,720 | €3,434 | -€2,285 | -40.0% |
| Profit (loss) for the period | 9904 | €8,548 | €2,328 | -€6,220 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,548 | €2,328 | -€6,220 | -72.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.